News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
MHProNews has received word from Capital One that it has arranged an $11 million Fannie Mae fixed-rate loan to refinance Old Plantation manufactured home community (MHC) in Riverside, California. Damon Reed, Senior Vice President and Capital One Multifamily’s Director of MHC Finance, originated the transaction for the 223, all-age home […]
$11M Fannie Mae MHC Loan comes through Capital One Read More
MHProNews has learned from abladvisor that Damon Reed, Senior Vice President and Capital One’s Director of MHC Finance, arranged a $7.7 million refinance Fannie Mae loan for Casa de Flores manufactured home community (MHC) in Chico, California. The owner intends to retire higher-rate interest debt and make improvements to the
Capital One Arranges $7.7M Loan for Manufactured Home Community Read More
Baby Boomers are not downsizing fast enough, and by not putting their homes on the market, they are creating the inventory shortage that is driving up prices, making it tougher on would-be first-time homebuyers. This is clogging up the “whole chain of homes sales,” according to Sean Becketti, a chief
Baby Boomers Take it on the Chin for High Home Prices Read More
“New materials and technology have taken modular housing light years away from the transportable homes of the 1970s, offering a sophisticated product with drastically reduced build times,” says au.news.yahoo. Modular housing has become a more viable alternative in the past decade with the introduction of new lightweight and thermally efficient
Modular Methods Continue Blooming Down Under Read More
According to the National Association of Home Builders (NAHB), private residential construction spending increased in October nearly two percent to a seasonally adjusted-annual rate (SAAR) of $399 billion, according to what forconstructionpros tells MHProNews. While on a month-over-month basis, private single-family spending hit $226 billion, an increase of 1.6 percent
Private Residential Spending Rises in October Read More
Despite the cost of building/remodeling green as a potential barrier, a high percentage of home builders and remodelers are already building green and expect the trend to continue, according to modularhomecoach, noting it is not the Millennials driving the market but the 55 and older group. Consumers’ association with green
Green Building is Growing Read More
In the news from CNNMoney: Dow drops 252 points after European Central Bank does not deliver stimulus. T-Mobile ranks as number one wireless carrier by Consumer Reports. U. S. wages grew 2.5 percent in October. McDonald’s being investigated for tax-dodging in Europe. China is spending billions in Africa. You may
MHCV Slips, most MH-related Stocks also Dropped, as Dow falls 252 Points Read More
Data compiled on behalf of the Department of Housing and Urban Development (HUD) reveals manufactured home production increases moved into its fifth straight year, according to what the Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews. Production of HUD Code homes rose 5.2 percent over production for October, 2014,
HUD Code Production Keeps Climbing Read More
As MHProNews has reported repeatedly within the last few weeks, the Dublin, Ireland City Council is moving forward with the first of 400 modular homes to address the issue of homelessness. Watching from the sidelines to determine the efficacy of that city’s efforts, according to munster-express.ie, Waterford, Ireland may consider
Waterford, Ireland Closely Watching Modulars for Homeless in Dublin Read More
As financialmagazin reports, Drew Industries, Inc. (NYSE:DW) director David Reed sold 10,300 shares of company stock at an estimated $60.9 per share, yielding $627,270. Furthermore, within the last 30 days he sold an additional 1,200 shares valued at $73,368. Currently, Reed now owns 34,130 shares of Drew stock, approximating 0.14
Insider Trading Continues at Drew Industries Read More
In the news from CNNMoney: CEOs are not optimistic about the economy. Global corporate defaults exceed 100 as energy companies fall to low oil prices. Fed says interest rate hike likely this month. Gun background checks hit record on Black Friday. World’s richest ten percent produce half of all carbon
Patrick one of only Two MH-related Stocks that Advanced Read More
MHProNews has learned from analystratings the CEO and president of Cavco Industries, Inc., Joseph Stegmayer, sold shares of the company for $1.86 million. The stock climbed 48.7 percent after Stegmayer’s last sell transaction on May 21, 2012. As MHProNews reported Oct. 30, 2015 on our daily stock report, Cavco’s stock
Cavco CEO Sells Block of Company Stock Read More
Auditors have discovered the Nevada Manufactured Housing Division (MHD) has over 2,000 names and Social Security numbers unsecured on the agency’s network, according to ksl in Carson City, and that 200 files of unencrypted personal information were being kept on staff computer hard drives, exposing it to potential hackers. The
Nevada Lax in Securing MH Owner Info, Re-inspection of MH Upgrades Read More
As the deadline nears for the mega spending bills to be passed in Congress that will keep the government running, as MHProNews reported Nov. 26, 2015, the Obama administration has indicated it will push back against any attempt to substantially weaken the 2010 financial overhaul, according to the nytimes. Congressional Republicans
Obama Administration: Unacceptable to Include Dodd-Frank Amendments in Appropriations Bill Read More
Following the ongoing story of the modular homes planned for the homeless in Dublin, Ireland, MHProNews last posted Nov. 27, 2015 that demonstrators representing a co-op that planned to build on the site of the modulars caused work to stop at the site. The protesters stated the plan jeopardizes the
Co-op in Dublin Disputes Siting of Modulars for Homeless Read More
In the news from CNNMoney: Coinciding with climate change talks in Paris, Wall Street is backing away from lending to coal industry. U. S. manufacturing shrinks for first time in three years. Federal Reserve ends “too big to fail” lending to collapsing banks. Auto industry on track to post record
Dow Gains 168 Points; Auto Industry Marking Record Sales Read More
At its annual conference, the Michigan Manufactured Housing Association (MMHA) bestowed honors on several members for their achievements in best promoting the factory-built industry to their clients, as marketwired informs MHProNews. For best community entrance, Sun Communities’ Camelot Villa in Macomb, MI recently upgraded their roads and playground. In the
Michigan MHA Honors Achievements of Members Read More
Newborn into the MH Industry is Thomas Brandon Dobbs. “Tommy” was born in Corinth, MS, 8lbs 15 oz., on 11/11/15. Proud parents are Gary and Melanie Dobbs. Gary is in sales at Sunshine Homes, Red Bay, AL, covering Tennessee and Alabama. The happy grandparents are John and Pam Bostick, Lee
Newest Entry into Manufactured Housing Reported Read More
MHProNews has learned from portstephensexaminer that Gateway Lifestyles, already one of Australia’s largest manufactured home community owners, has acquired two of Port Stephens’ largest residential communities. Seawinds has over 110 homesites, and amenities include a pool, ping pong room, tennis court and snooker table, as well as a community room.
Aussie Manufactured Home Community adds to Portfolio Read More
A pioneering social housing (low income) development commissioned by the Highland Council in Scotland has resulted in eight one bedroom modular apartments at Kendal Court, according to scottishhousingnews. The first of its kind in the country, the project was developed and designed by Inverness-based social housing company JNESpace and manufactured
Scotland Installs First Modular Housing Project Read More
